Penn Capital Management Co Inc bolstered its holdings by buying 86,058 shares an increase of 17.9% in the quarter. The company's stock had a trading volume of 991,093 shares.
Accern also assigned press coverage about the company an impact score of 46.0643064327962 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days. Finally, Royal Bank Of Canada restated a "buy" rating and set a $45.00 target price on shares of Sinclair Broadcast Group in a report on Wednesday, July 5th. Renaissance Technologies LLC increased its stake in shares of Sinclair Broadcast Group by 4,601.8% in the first quarter. BlackRock Inc. now owns 4,884,950 shares of the company's stock valued at $197,842,000 after buying an additional 4,858,576 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Sinclair Broadcast Group by 12.9% in the first quarter. Renaissance Technologies LLC now owns 1,371,571 shares of the company's stock worth $55,549,000 after buying an additional 1,342,400 shares during the period. Bank of New York Mellon Corp increased its stake in Sinclair Broadcast Group by 2.2% in the first quarter. Point72 Asset Management L.P. now owns 2,576,060 shares of the company's stock worth $104,330,000 after buying an additional 2,401,760 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Sinclair Broadcast Group by 9.4% in the second quarter.
A number of institutional investors have recently added to or reduced their stakes in the company. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) traded up 2.12% during mid-day trading on Friday, hitting $31.35. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,897 shares of the company's stock worth $117,000 after buying an additional 1,036 shares during the last quarter. Sinclair Broadcast Group has a 52 week low of $24.15 and a 52 week high of $43.05. (SBGI) has the market capitalization of $3.2 Billion.
Sinclair Broadcast Group (NASDAQ:SBGI) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.43. The business had revenue of $679.30 million during the quarter, compared to analysts' expectations of $678.23 million.
03/06/2017 - Sinclair Broadcast Group, Inc. had its "outperform" rating reiterated by analysts at Wells Fargo. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. On Thursday, February 23 BOCHENEK DAVID R sold $199,025 worth of Sinclair Broadcast Group Inc (NASDAQ:SBGI) or 5,000 shares.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. The stock rose 1.30% or $0.4 reaching $31.1 per share. The ex-dividend date is set for Tuesday the 30th of May 2017. Grt Cap Ptnrs Ltd Com has invested 0.19% in Sinclair Broadcast Group Inc (NASDAQ:SBGI).
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Several brokerages recently weighed in on SBGI. Benchmark Co. lifted their price objective on shares of Sinclair Broadcast Group from $52.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, August 1st.
Zacks Investment Research downgraded shares of Sinclair Broadcast Group, Inc.
Among 14 analysts covering Waters Corporation (NYSE:WAT), 4 have Buy rating, 1 Sell and 9 Hold. Sinclair Broadcast Group now has a consensus rating of "Buy" and an average target price of $43.50.
In other Sinclair Broadcast Group news, Director Lawrence E. Mccanna sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, June 14th. On Tuesday, August 1 the stock rating was maintained by Benchmark with "Buy". The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 28.20% of the company's stock. $161,799 worth of Sinclair Broadcast Group Inc (NASDAQ:SBGI) shares were bought by SMITH DAVID D. The Company focuses on providing content on its local television stations and digital platforms. Orrstown Incorporated has 0.02% invested in Sinclair Broadcast Group Inc (NASDAQ:SBGI) for 500 shares. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, its owns networks, and other original programming produced by it.